Most economists believe that consumers would be better off if ...

[cartlidgeashley]

Most economists believe that consumers would be better off if markets were perfectly competitive rather than monopolistically competitive.
 
  Indicate whether the statement is true or false

Question 2

Labor demand is considered a derived demand because producers do not demand labor for itself but only because labor is used to produce output that consumers desire.
 
  Indicate whether the statement is true or false

[amynguyen1221]

Answer to Question 1

FALSE

Answer to Question 2

TRUE